@techreport{oai:shiga-u.repo.nii.ac.jp:00009864,
 author = {Kondo, Atsumasa},
 issue = {No. B-9},
 month = {Jul},
 note = {Technical Report, This paper investigates theoretical relationships between population growth rate and inflation/deflation, with a focus on fiscal crisis as a possible channel through which those relationships manifest themselves. An upper bound for public debt that is compatible with the no Ponzi-game condition and a dynamic general equilibrium is derived, which depends on the growth rates of money supply and population. In plausible scenarios, a slight decrease in population growth rate decreases the upper bound for public debt, which motivates a government that intends to maintain sustainable public debt to adjust money supply growth rate. In this scenario, decreases in population growth rate can cause inflation or deflation., CRR Discussion Paper, Series B, No. B-9, pp. 1-24},
 title = {Deflation, Population Decline and Sustainability of Public Debt},
 year = {2013}
}